IN GENERAL 

How to be a Good Neighbor

FAQ about community living

 

 RESERVES and RESERVE STUDIES

 Common Interest Communities are required by applicable statute to conduct every 5 years and revisit annually an accounting of the CIC's capital components to include the components remaining useful life.  The purpose is to maintain funds to maintain, repair or replace without having Special Assessments when the work is needed. Below are articles published by Reserve Advisors, a professional Reserve Specialist for, with permission:

Overview of Reserve Studies

Why Have a  Professional Reserve Study

Updating Your Reserve Study

Reserve Studies Minimize Liability 

Reserve Funds for Community Associations: Understanding the Why, How and When of Reserves  by Raymond B. Via, Jr. with Whiteford Taylor Preston LLP